Industry News by Nemesis

Lucapa's Fifth Sale Of Alluvial Diamonds From Lulo In Angola Raises $1M

June 20, 2017

Lucapa Diamond Company Limited and its partners have completed the fifth sale for 2017 of alluvial diamonds from the Lulo diamond project in Angola, with 1,236 carats sold for $950,000.


The sale represented an average price per carat of $770, the miner reported.


The sale brought gross proceeds from Lulo diamond sales to date in 2017 to $15.4 million at an average price per carat of US$1,620.


As with the previous sale, the diamonds from the latest sale parcel were sourced primarily from Mining Block 28.


Mining has since returned to higher-value Mining Blocks 8 and 6 following the end of the Angolan wet season, Lucapa added.


Source: Idex

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